Obviously we'll get a quarter point increase in rates. The real question is how much they'll hint about a 4th increase in December this year. I think the Fed wants that increase so I think they'll continue to hint towards it. The more they hint towards it, the more bankers will predict it is going to happen. The more predictions of it happening, the easier it is for the Fed to do it.
I feel like that 4th increase is mostly priced into the market already. But the stronger the indications the more likely we'll see a bit of a decline after the Fed meeting. I can't imagine anything they could say that would really spike stocks over the next week or so, but there's a lot they could say that would drive them down.
So best case, I'd say it's a non-event to the markets and we continue to float in the same range we've been in for the past 3 months. Worst case, we're looking at a steep decline. Makes me consider taking some profits today that I didn't cash out at the top.
Submitted March 20, 2018 at 12:00PM by januarypizza http://ift.tt/2u4N8kz
